Funding you earn now, next payment 22:00 UTC−0.0237%/8h= −25.9% APRnext payment −$0.30 per $10,000 · paid last 24h −0.137%
Price spread now: Hyperliquid against Kraken Futures−0.146%50s7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$940.938% of the position
Funding, last 7 days−1.030%−$103 on $10k
+Price spread, last 3 days (all we have)−3.768%−$377 · spread now −0.146%, 7d avg −0.064%
=Together, before fees−4.798%+ Points / potential airdropHyperliquid: Season 2 · farm board−$480 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Hyperliquid is 0.082% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.064%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_STRKUSD | 0.04418 | 0.0337 | pay 0.0042% / 1h | 56m 28s | $470K | $513K | 20x |
| Short | Hyperliquid STRK | 0.04412 | 0.0100 | get 0.0013% / 1h | 56m 28s | $15.2M | $7.7M | 5x |
Kraken Futures PF_STRKUSD
Hyperliquid STRKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$49.7
- Price spread: −0.146% → −0.064%
- −$8.2
- Slippage, 4 orders
- −$74.83
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$151.73
- Costs to cover
- 0.938%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 31 min ago; Hyperliquid: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 31 min ago | 21.39 bp | 32.1 bp −$32 | 2438.8 bp −$24.4K | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.13 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
STRK on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International STRK-PERP-INTX | −0.0352% | 1h | 0.04387 | −0.712% | $63K | $90K | 25x | as long as short |
| dYdX STRK-USD | 0.0000% | 1h | 0.04412 | −0.158% | $21K | $24K | 5x | as long as short |
| Injective STRK/USDC PERP | +0.0033% | 1h | 0.05070 | +14.746% | $3K | $38K | 5.5x | as long as short |
| BloFin STRK-USDT | +0.0058% | 4h | 0.04408 | −0.237% | $789K | $732K | 75x | as long as short |
| Paradex STRK-USD-PERP | +0.0100% | 8h | 0.04410 | −0.200% | $8K | $144 | 20x | as long as short |
| Hyperliquid STRKshort | +0.0100% | 1h | 0.04412 | −0.146% | $15.2M | $7.7M | 5x | |
| Aster STRKUSDT | +0.0100% | 4h | 0.04411 | −0.172% | $35K | $382K | 10x | as long as short |
| Pacifica STRK | +0.0100% | 1h | 0.04412 | −0.139% | $42K | $49K | 5x | as long as short |
| Binance STRKUSDT | +0.0100% | 4h | 0.04410 | −0.191% | $12.7M | $51.6M | 75x | as long as short |
| Bybit STRKUSDT | +0.0100% | 4h | 0.04406 | −0.282% | $15.5M | $21.2M | 50x | as long as short |
Coinbase International STRK-PERP-INTX
dYdX STRK-USD
Injective STRK/USDC PERP
BloFin STRK-USDT
Paradex STRK-USD-PERP
Aster STRKUSDT
Pacifica STRK
Binance STRKUSDT
Bybit STRKUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX STRK-USDT-SWAP | +0.0100% | 4h | 0.04408 | −0.237% | $4.9M | $24.4M | 50x | as long as short |
| Gate STRK_USDT | +0.0100% | 4h | 0.04410 | −0.191% | $593K | $1.4M | 50x | as long as short |
| MEXC STRK_USDT | +0.0100% | 4h | 0.04410 | −0.191% | $11.7M | $2.1M | 100x | as long as short |
| KuCoin STRKUSDTM | +0.0100% | 4h | 0.04407 | −0.259% | $1.5M | $2.0M | 50x | as long as short |
| Bitget STRKUSDT | +0.0100% | 4h | 0.04410 | −0.198% | $3.1M | $4.2M | 75x | as long as short |
| BingX STRK-USDT | +0.0100% | 4h | 0.04407 | −0.259% | — | $30.3M | — | as long as short |
| Backpack STRK_USDC_PERP | +0.0100% | 1h | 0.04410 | −0.191% | $26K | $158K | 10x | as long as short |
| Variational Omni STRK | +0.0100% | 4h | 0.04412 | −0.156% | $260K | $1.6M | — | as long as short |
| GRVT STRK_USDT_Perp | +0.0100% | 4h | 0.04417 | −0.033% | $191K | $3.5M | 10x | as long as short |
| SunX STRK-USDT | +0.0100% | 4h | 0.04512 | +2.117% | $2K | $818K | 20x | as long as short |
| Extended STRK-USD | +0.0104% | 1h | 0.04407 | −0.259% | $122K | $636K | 10x | as long as short |
| Kraken Futures PF_STRKUSDlong | +0.0337% | 1h | 0.04418 | long leg | $470K | $513K | 20x | |
| Lighter STRK | +0.0368% | 1h | 0.04420 | +0.035% | $273K | $541K | 5x | as long as short |
| Deribit STRK_USDC-PERPETUAL | +0.0430% | 1h | 0.04414 | −0.101% | $8K | $34K | 25x | as long as short |
OKX STRK-USDT-SWAP
Gate STRK_USDT
MEXC STRK_USDT
KuCoin STRKUSDTM
Bitget STRKUSDT
BingX STRK-USDT
Backpack STRK_USDC_PERP
Variational Omni STRK
GRVT STRK_USDT_Perp
SunX STRK-USDT
Extended STRK-USD
Lighter STRK
Deribit STRK_USDC-PERPETUAL